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20121201
20121231
Search Results 0 to 32 of about 33 (some duplicates have been removed)
represented by the longshoremen's union and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and everything else. the conditions are there. we need more m. & a in this cup. >> you are saying they are notgt
a bill prohibiting unions from requiring employees to join and pay dues. the move would make michigan, one of the most union-friendly states, the 24th "right to work" state, where union dues are voluntary. >> tom: more bumpy skies for boeing's 787 dreamliner. boeing's much anticipated and high-profile plane was grounded last week, according to "the new york times." the federal aviation administration also has ordered that fuel line connectors on all 787s be inspected. analysts call these problems minor hiccups. but as sylvia hall reports, the dreamliner's profitability to boeing right now is raising bigger concerns. >> reporter: boeing's 787 dreamliner promises to use about 20% less fuel than other planes. that's a big deal for an airline industry struggling with fuel costs. so far, boeing's sold more than 800 of its dreamliners, but the project has been plagued with three years of costly production delays. the company is ramping up production on the planes, but some analysts don't expect the company to see a profit from the line until at least 2020. the reason? the dreamliners are pr
cliff. speaking to union workers at the daimler detroit diesel engine plant, the president said he is willing to compromise "a little bit" with republicans on getting a plan for economic growth, job creation, and reducing the deficit. but he said he would not compromise on raising tax rates for high-income earners. >> and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks, and then we're asking students to pay higher student loans, or suddenly, a school doesn't have school books because the school district couldn't afford it. >> susie: meanwhile, a ranking democrat on the house budget committee tells "nightly business report" he is optimistic about getting a fiscal cliff deal by the end of they year. maryland congressman chris van hollen talked with our darren gersh, and began with an update on the status of the talks. >> well, the good news is that the president and the speaker of the house are now in face-to-face discussions. it's always better to be talking than
far beyond the ports. >> reporter: if a deal isn't reached by 12:01 a.m. sunday, union dock-workers will take to the picket-line. 15 ports span the east and gulf coasts. and while they're in different locations, handling different types of cargo, they all agree, a strike would be very bad for business. >> it's really important for the people in our country to recognize, in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the coast, with industries as diverse as agriculture, manufacturing and retail taking a hit. that's got the national retail federation urging president obama to intervene: >> the ports are a critical compo
crippled after clerical workers went on strike and were supported by the longshoreman's union, which refused to cross the picket line. the shutdown cost $1 billion a day. the work stoppage also forced ships to reroute to ports in mexico, panama and northern california. a tentative deal was reached late last night after federal mediators joined negotiations. no details yet on the deal, but workers are expected to get new terms that will prevent jobs from being outsourced. >> tom: we saw the influence of apple on any stk inx which includes it. without apple, the dow rallied. but the nasdaq and s&p 500 were weighed down thanks to apple's weakness. the s&p 500 hit its lowest level of the session just after a stronger than expected report on the services sector before 11:00 a.m. eastern time. it bounced into positive territory and closed up 0.2%. volume picked up a little on the big board with 757 million shares. 1.8 billion moved on the nasdaq. the technology sector was the big drag on the broad market. it fell 1.3%. the utility sector saw the best gains, up 1.6%. apple put the brakes on
paychecks than low earning workers. >> in the state of >> reporter: in his state of the union address almost a year ago, the president announced a change to the way some people pay back their student loans. it seemed like a small change. instead of paying 15 percent of their income over 25 years, people who enroll in income- based repayment will now only pay 10% of their income over 20 years. but critics say the new program has a big problem, an accounting flaw that could lead to a big windfall for high-earning graduate degree holders. >> you've got a moral hazard. you've got an incentive to borrow away knowing that you're not going to have to pay it back. >> reporter: here's how it can be a problem-- graduate students can borrow an unlimited amount of money to pay for school. they start their careers with small or moderate salaries, making monthly payments of 10% of their income. but remember, grad students often become very high earners, like doctors and lawyers. as their salaries increase, the monthly payments on the student loans are capped based on the borrower's debt at graduation. tha
cigarette stocks. as we previewed last night, the european union today proposed bigger health warnings on cigarette packages and a complete ban on strong flavors like menthol. philip morris shares dropped 2.1%. it is the world's biggest cigarette maker measured by revenue. in the dow, some analysts concerns hit shares of general electric and alcoa. g.e. fell hard, down 3.1%. investment bank u.b.s. removed the stock from its favored list thinking earnings growth will slow. alcoa dropped 3%. moody's put the company's credit rating on review for possible downgrade, thanks to falling aluminum prices. fighting against the weak market was oracle. the database software reported a strong quarter last night. and shares responded, jumping 3.7%, taking t stock to its highest price since the spring of 2011. digital storage stocks rebounded. western digital was up four percent. seagate technology increased 3.3%. both received positive analyst comments. fed-ex delivered earnings that were down from a year ago, but still stronger than anticipated. the drop from a year ago was blamed on customers usin
their brain power to work, they make really smart investments, they actually own the air space over union station here in washington d.c. that they'll put to use somehow, some way. so investors who buy behind lukadia, luk, you have to put some faith into the investors, these guys who run it will put the cast to work in smart ways and history is on its side here. >> tom: you're buying the investment team as much as those individual companies. do you own any yourself in these two companies, andy? >> i do not own core labs or lukadia. >> tom: andy cross with the motley fool. >> susie: wall street wisdom says if santa claus comes to broadway and wall in the last five trading days of the year, stocks rise in the new year. but no signs of santa today, with mostly red and little green on this day before christmas. big board volume fell to 285 million shares. nasdaq volume weighed in at 616 million. it was the lightest volume so far this year. two s&p sector standouts were materials, which gained half a percent, and energy, which lost nearly 1%. some news from the oil patch. chevron is buying a s
Search Results 0 to 32 of about 33 (some duplicates have been removed)